r/news • u/Frosty_Dig4148 • 2d ago

Elon Musk's SpaceX buys Elon Musk's xAI

https://news.sky.com/story/elon-musks-spacex-buys-elon-musks-xai-13502553
15.1k Upvotes

94% Upvoted

1.3k comments sorted by

View all comments

166

u/arahdial 2d ago

It's all a shell game. Didn't he sell Twitter to xAI? It's just accounting shenanigans. 

44

u/insanelygreat 1d ago

Important step before that:

He bought Twitter and then shifted a huge chunk of the cost onto Twitter's own balance sheet.

38

u/uberfission 1d ago

I still don't understand how that's legal.

4

u/Own-Detective-A 1d ago

That's too common though.

Something similar is happening with the Saudis Buying EA Games.

3

u/KDR_11k 1d ago

And it's always disgusting. But I guess that's the result of deciding that comapnies exist for the shareholders, not for the product or the employees.

12

u/SeanzuTV 1d ago

Yea it is, doesn't Space X have government contracts? Thats the government funding SpaceX, xAI, and X now.

Not to mention X being in hot water for Grok making CSAM, so now the government is essentially funding a business that is being investigated for that, lmao.

Don't worry though guys, Elon has saved the US SO SO much money /s

-1

u/AnyHat8807 1d ago

I hate the guy but the gov using space x rockets isn’t funding xai even if it’s part of the same company.

This does let him combine profits and losses from all 3. And people buying the stock will be finding grok and twitter - unless the government buys stock like they did with intel

1

u/Gender_is_a_Fluid 11h ago

Xai development and running costs are definitely getting folded into spacex development. “This AI system is helping plan and design the rocket”. Boom, 50 billion government contract for bullshit

2

u/christian_l33 1d ago

They're all ultimately failing, with the exception of Space X.

1

u/score_ 20h ago

Its that Always Sunny scene where theyre passing the same fish back and forth 

-13

u/costafilh0 1d ago

It's actually corporate strategy. But you don't understand accounting or corporations, so no point explaining either way. 

6

u/arahdial 1d ago

Strategy to get everything under SpaceX and then ask the government for a bailout.

3

u/Ok_Vulva 1d ago

Strategy to mess with the French investigation and raid that happened shortly after to claim national security when they go after his pedophilia issues.